USDA Risk Management Agency (RMA)

USDA Risk Management Agency (RMA)

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Last update: Dec 6, 2024 Last update: Dec 6, 2024
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Details

Legal residence:USA
Organization type:Government agency
Funding agencies:Other
Other
Sectors:Agriculture, Risk Management (incl. insurance)
Agriculture, Risk Management (incl. insurance)
Sanctions:Check now
Status:
Active

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About

The United States Department of Agriculture’s (USDA) Risk Management Agency (RMA), created in 1996, serves America’s agricultural producers through effective, market-based risk management tools to strengthen the economic stability of agricultural producers and rural communities. RMA is committed to increasing the availability and effectiveness of Federal crop insurance as a risk management tool. RMA manages the Federal Crop Insurance Corporation (FCIC) to provide innovative crop insurance products to America’s farmers and ranchers. Approved Insurance Providers (AIP) sell and service Federal crop insurance policies in every state and in Puerto Rico through a public-private partnership with RMA. RMA backs the AIPs who share the risks associated with catastrophic losses due to major weather events.

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